Werner Enterprises (NASDAQ:WERN) Given New $30.00 Price Target at Stifel Nicolaus

Werner Enterprises (NASDAQ:WERN - Get Free Report) had its price objective cut by analysts at Stifel Nicolaus from $32.00 to $30.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a "hold" rating on the transportation company's stock. Stifel Nicolaus' target price points to a potential downside of 18.48% from the company's previous close.

A number of other equities research analysts have also commented on WERN. Susquehanna upgraded Werner Enterprises from a "negative" rating to a "neutral" rating and set a $38.00 price target on the stock in a research report on Friday, January 3rd. Citigroup started coverage on Werner Enterprises in a report on Wednesday, October 9th. They set a "sell" rating and a $34.00 target price on the stock. Evercore ISI cut their price target on Werner Enterprises from $35.00 to $32.00 and set an "in-line" rating for the company in a report on Wednesday, October 30th. Barclays increased their price objective on shares of Werner Enterprises from $36.00 to $40.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 13th. Finally, Wells Fargo & Company dropped their target price on shares of Werner Enterprises from $38.00 to $35.00 and set an "underweight" rating for the company in a research note on Wednesday, October 30th. Six equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Werner Enterprises currently has an average rating of "Hold" and an average price target of $37.14.

Werner Enterprises Price Performance

Werner Enterprises stock traded up $1.08 during mid-day trading on Wednesday, hitting $36.80. 705,384 shares of the company were exchanged, compared to its average volume of 553,354. Werner Enterprises has a 1-year low of $33.12 and a 1-year high of $42.48. The company has a quick ratio of 1.49, a current ratio of 1.53 and a debt-to-equity ratio of 0.48. The business has a fifty day moving average of $38.36 and a 200 day moving average of $37.50. The company has a market capitalization of $2.27 billion, a PE ratio of 50.41, a price-to-earnings-growth ratio of 33.43 and a beta of 0.84.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The transportation company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.06). The firm had revenue of $745.70 million for the quarter, compared to the consensus estimate of $765.24 million. Werner Enterprises had a net margin of 1.48% and a return on equity of 3.58%. The company's revenue for the quarter was down 8.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.42 earnings per share. As a group, sell-side analysts expect that Werner Enterprises will post 0.68 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Canada Pension Plan Investment Board acquired a new stake in Werner Enterprises in the second quarter worth $29,000. Quest Partners LLC acquired a new stake in Werner Enterprises during the 2nd quarter worth $30,000. GAMMA Investing LLC lifted its holdings in Werner Enterprises by 145.7% during the third quarter. GAMMA Investing LLC now owns 801 shares of the transportation company's stock worth $31,000 after acquiring an additional 475 shares in the last quarter. International Assets Investment Management LLC grew its stake in Werner Enterprises by 2,390.3% in the third quarter. International Assets Investment Management LLC now owns 1,544 shares of the transportation company's stock valued at $60,000 after acquiring an additional 1,482 shares during the period. Finally, KBC Group NV grew its stake in Werner Enterprises by 43.1% in the third quarter. KBC Group NV now owns 2,071 shares of the transportation company's stock valued at $80,000 after acquiring an additional 624 shares during the period. Institutional investors own 89.32% of the company's stock.

About Werner Enterprises

Werner Enterprises, Inc, together with its subsidiaries, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, and internationally. The company operates through two segments, Truckload Transportation Services and Werner Logistics.